The year 2010 actually turned out to be a decent one for the bond markets. Despite investor misgivings about loose monetary policy, we believed that the economic headwinds and deleveraging of financial institutions would result in lower growth and inflation for 2010 than most expected. This is what actually happened and yields in the Canadian bond market ended the year considerably lower than where they started.
Read the full newsletter at the link below.
Canso January 2011 Corporate Bond Newsletter
